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May 5, 2014
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take the opportunity to thank china, especially in our dealings and engagements with the families in beijing. ,s we move on to the new phase what was discussed to this morning is very structured, very focused. i believe that we are on the right track. meeting carries a sense of urgency. between theard three nations especially gives an opportunity for other nations , institutes, research institutes and third parties to come on board this unprecedented search. what we have decided today i believe is very important because we are now moving to a new phase. but it also gives an opportunity for those who were not involved with us in the early phase and on thiso come on board particular exercise which needs to be done. >> he has been on the forefront of the malaysian attempts as the acting transport minister. what is happening so far. mh 370, there has been no sign of it since he disappeared nearly two months ago. to coordination is moving the aussie capital. >> the ongoing headlines from that conference as we get them. we are coming down to the opening sessions in mumbai. futures currently tradin
take the opportunity to thank china, especially in our dealings and engagements with the families in beijing. ,s we move on to the new phase what was discussed to this morning is very structured, very focused. i believe that we are on the right track. meeting carries a sense of urgency. between theard three nations especially gives an opportunity for other nations , institutes, research institutes and third parties to come on board this unprecedented search. what we have decided today i believe...
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May 28, 2014
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on hacking charges, what might that have on bilateral relations, including trade in washington and beijing? >> it is an important question. there could be several impact here the first and more important point to make is that, while it is an immediate death in relations causing immediate ties, thebilateral expected july meeting in economic dialogue, the highest we have with china, will go on as scheduled in july in beijing. the bigger concern here is really china's use of intelligence services to help the private sector gain commercial advantage over the u.s. and other trading is area that is an intolerable situation. takingto the right wing aggressive action in response to it. a sickness in difference between companies using economic espionage against one another, the one hand, on the other hand, china is using intelligence gain the upperp hand in commercial markets. that has hurt the administration so much. qwest i have to ask about the new leadership in india. he was sworn in as prime minister yesterday, once are from entering the u.s.. he will have to tease trade disputes with the u.s.
on hacking charges, what might that have on bilateral relations, including trade in washington and beijing? >> it is an important question. there could be several impact here the first and more important point to make is that, while it is an immediate death in relations causing immediate ties, thebilateral expected july meeting in economic dialogue, the highest we have with china, will go on as scheduled in july in beijing. the bigger concern here is really china's use of intelligence...
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May 19, 2014
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you have beijing and shanghai. cities.f 70 just to go over what is contributing to the property slump that you see, a supply and demand issue. providing more steep discounts to during homebuyers. it is interesting. they were trying to encourage lenders to extend more mortgages. that there saying market is on a break. >> that is what they say. i have that on the board. re-accelerates to credit growth. know whichlicymakers lever to pull. they know which one to pull. the question is, when are they going to pull it and how much are they went to pull it by. >> thank you very much. we will tell you what we have on the way. the new government. our next good says that the economy will have a slow process. > >> the main benchmark is one of the best-performing. of ait may be the start longer gold rush. we will speak to find out who will drive the next phase of growth. >> here is a look at the markets across asia. have the region index. had thewhat we have moment. trainingtures started -- trading. look.e a up.it may be it may
you have beijing and shanghai. cities.f 70 just to go over what is contributing to the property slump that you see, a supply and demand issue. providing more steep discounts to during homebuyers. it is interesting. they were trying to encourage lenders to extend more mortgages. that there saying market is on a break. >> that is what they say. i have that on the board. re-accelerates to credit growth. know whichlicymakers lever to pull. they know which one to pull. the question is, when...
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May 17, 2014
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. >> i was in beijing last month and that is what everybody is waiting for. i think the other piece of this is the corruption campaign has its limits. you heard recently that the former president sent the message to the president saying let's not get -- let's not go overboard. --why he's he wanting that why is he wanting that? >> that demonstrates that nobody is immune. he was as strong as dick cheney was in his day. >> that nobody is immune. >> that means if you another official, that makes you uncomfortable. that breaks the rules of the game. what they are doing by going after him is to say everybody is fair game. it is basically establishing that he is going to push this campaign as far as he wanted to go. senior leaders have a reason not to want this to become full-scale intraparty workfare. that would be disastrous. study aboutto the his family and how much he made while he was premier. anything happen to him because of all the press? >> he left office and he is a private citizen. it tends to be that china's political culture is that after you leave offi
. >> i was in beijing last month and that is what everybody is waiting for. i think the other piece of this is the corruption campaign has its limits. you heard recently that the former president sent the message to the president saying let's not get -- let's not go overboard. --why he's he wanting that why is he wanting that? >> that demonstrates that nobody is immune. he was as strong as dick cheney was in his day. >> that nobody is immune. >> that means if you another...
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May 18, 2014
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about 30 in beijing. you have to let folks in china and we are working with the people in china. >> people told me that the president of china said he has three things he has to do. one, to clean up the air. two, he has to clean up corruption. and three, he asked the economy on a sustainable footing by turning it from a exporting economy to a demand economy. >> that is consistent with everything i know from the folks in beijing. the people and the government are serious and taking strong measures to clean up the air. i would not bet against them. when they set out to do something, the chinese government, they tend to get it done. >> because it is not a democracy? >> they meet their goals in a five-year year plan and they set some strong goals. >> i think they tie that to the survivability of the party. >> it is a political system. as increasing number of americans want environmental cleanup, 85% of people under 30 want -- >> what is the problem? articulate the problem. >> i think the politicians have to c
about 30 in beijing. you have to let folks in china and we are working with the people in china. >> people told me that the president of china said he has three things he has to do. one, to clean up the air. two, he has to clean up corruption. and three, he asked the economy on a sustainable footing by turning it from a exporting economy to a demand economy. >> that is consistent with everything i know from the folks in beijing. the people and the government are serious and taking...
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May 26, 2014
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all this follows after the beijing government essentially allowed for game consoles to be distributed within the chinese economy. 2000 and banned and that was lifted this past january. console makers are eager to get into this market. they could focus on growing sales and to broaden their market share. according to an estimate from price waterhouse cooper, $10 billion in sales is the estimate in terms of the figure at the end of 2015. right now, pc games, those that , thatayed on the computer is about two thirds of the market share. this could be the big game changer. sony also doing what microsoft did which is partnering with a local partner. they will be completing two ventures with shanghai oriental pearl to start making as well as selling. unclear on how much it is going to cost, what specific console will be distributed, and also the actual timing. again, both of these competitors perhaps sometime in the fall is what we are hearing. >> many thanks indeed. >> looking ahead, we are going to take a look at the growing influence and affluence of china's middle class and what this mea
all this follows after the beijing government essentially allowed for game consoles to be distributed within the chinese economy. 2000 and banned and that was lifted this past january. console makers are eager to get into this market. they could focus on growing sales and to broaden their market share. according to an estimate from price waterhouse cooper, $10 billion in sales is the estimate in terms of the figure at the end of 2015. right now, pc games, those that , thatayed on the computer...
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May 15, 2014
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we now turn to a big story out of beijing. the chinese smartphone maker is releasing a tablet in china where the company escalate competition with apple and samsung. inchew fat will have a 7.9 screen like apple's ipad mini and will use google android software. the china correspondent stephen engle joins us now from beijing. i know the ceo always gets a rockstar welcome, like steve jobs got at apple conferences. what was the reaction in the room when he came on days and unveiled this? the morning. you can imagine the kind of reception he got. it is funny to call this a classic event for a company that is only watch oh years old. -- the faithful were there in full force as usual. packing the convention center hall the on capacity, heering every product launch made, a new hdtv, a new router, and the big five is a new meet had. the tablet takes on apple pricely at about half the there you mentioned steve jobs. he hates to be compared to steve jobs, but he is clearly taking a page from apple in leveraging its growing phone user bas
we now turn to a big story out of beijing. the chinese smartphone maker is releasing a tablet in china where the company escalate competition with apple and samsung. inchew fat will have a 7.9 screen like apple's ipad mini and will use google android software. the china correspondent stephen engle joins us now from beijing. i know the ceo always gets a rockstar welcome, like steve jobs got at apple conferences. what was the reaction in the room when he came on days and unveiled this? the...
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May 18, 2014
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how beijing may manage of the housing cool down. it appears to really be across the board. >> beijing has spent the past five years trying to prevent prices by increasing too much. now they are sensing the labor almost to the negative. it could contribute to a further slowdown of the chinese economy. you saw home prices rise in april and 40 or out of the 37. by comparison, if you look at the month of march, it was six cities. taking a look at the two big cities. prices in the beijing rose compared to the large in shanghai. they were falling from a month earlier. we all than -- we often talk about this on the program. you see developers coming in. they're offering this. they want to lower more homebuyers to market. you are seeing less construction. there's no incentive to build new contracts. this is being extended. how they wantg on to put more pressure on lenders to break celebrate these mortgages. it goes back to creating more demand. connected, specifically if you look at how the government is reacting. >> it is counterintuitive.
how beijing may manage of the housing cool down. it appears to really be across the board. >> beijing has spent the past five years trying to prevent prices by increasing too much. now they are sensing the labor almost to the negative. it could contribute to a further slowdown of the chinese economy. you saw home prices rise in april and 40 or out of the 37. by comparison, if you look at the month of march, it was six cities. taking a look at the two big cities. prices in the beijing rose...
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May 16, 2014
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this is sounding the alarm bells in places like beijing as well as seoul. tokyo says we are not looking for work. we are seeking a reinterpretation of our constitution. this according to prime minister shinzo abe who went on television appealing to japanese citizens to support these measures. he wants to aaa constitute -- to strip away constitutional restrictions on japan's armed forces. to support the united states if it is attacked, to clear mines in shipping lanes and to deal with illegal activities forcefully near remote islands. that of course is raising alarm bells in some capitals around the region, specifically beijing. japan embroiled in territorial disputes. it has to do with the east china islands upe see the for dispute. these are very complex regional issues. lingering tensions, remnants of the world war. japan it appears wants to have a firmer military posture. the foreign ministry in beijing reacting, saying the international community must maintain high alert on japan's intentions. we have seen cautious reaction and theicials in seoul china
this is sounding the alarm bells in places like beijing as well as seoul. tokyo says we are not looking for work. we are seeking a reinterpretation of our constitution. this according to prime minister shinzo abe who went on television appealing to japanese citizens to support these measures. he wants to aaa constitute -- to strip away constitutional restrictions on japan's armed forces. to support the united states if it is attacked, to clear mines in shipping lanes and to deal with illegal...
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May 26, 2014
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stephen engle, bloomberg, in beijing. >> very impressive. after the break, betting on china's growing appetite for imported seafood to boost profits. as part of our global outlook when "on the move" returns. ♪ >> you're watching "on the move" coming to live from hong kong and streaming online at bloomberg.com. china's burgeoning middle caste is eating more western food and drinking more important one than ever before. mia saini pixel look in today's global outlook. classthe chinese middle gets richer, their desire for the finer things, jewelry, gold, western foods, that is intensifying. the country's per capita gdp is expected to rise, in fact a blame by 2020. in absolute terms, we mean that china already has the world's largest middle class. that is defined by the world bank, meaning that they can $10 and $100 per day. that falls in this category that still lags behind brazil and south korea at similar stages of economic development. china's urban middle class is forecast to grow to more than 75% of the population. that is by 2020, compar
stephen engle, bloomberg, in beijing. >> very impressive. after the break, betting on china's growing appetite for imported seafood to boost profits. as part of our global outlook when "on the move" returns. ♪ >> you're watching "on the move" coming to live from hong kong and streaming online at bloomberg.com. china's burgeoning middle caste is eating more western food and drinking more important one than ever before. mia saini pixel look in today's global...
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May 19, 2014
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beijing has evacuated thousands of its citizens following violent protests about a rig. two chinese people confirmed dead. there have been direct clashes that see. let's just talk about what exactly happened. is there any hope that this can be resolved peacefully? >> the standoff at sea is still very tense these days. four hours by boat just to get to that area. once you do, it is surprising to see so many boats out on the horizon. i was on the vietnamese coast for three days and we were chased i larger chinese boats on each of those days. chinese and the enemy's ships have been locked in a tense can mouse chase about 140 miles off of vietnam's coast since china hauled in this billion dollar expiration rig earlier this month. both countries claim territorial rights to these waters. both sides have called and boats to the area. chases are common. [sirens] this crash occurred last week as a boat got close to the rig. there was minimal damage but no one aboard was hurt. the chinese government said that boats have been rammed while legally protecting the rig's operation. a r
beijing has evacuated thousands of its citizens following violent protests about a rig. two chinese people confirmed dead. there have been direct clashes that see. let's just talk about what exactly happened. is there any hope that this can be resolved peacefully? >> the standoff at sea is still very tense these days. four hours by boat just to get to that area. once you do, it is surprising to see so many boats out on the horizon. i was on the vietnamese coast for three days and we were...
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May 15, 2014
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outurn out to a big story of beijing. chinese smartphone maker xiaomi is releasing a tablet next month as it escalates its competition with apple and samsung. it will have a seven-inch screen like apple's ipad mini and will use google's android software. i know the ceo of xiaomi always gets a rockstar welcome, sort of like steve jobs got at apple conferences. what was the reaction in the room when he came on stage and unveiled this? >> good morning to you. you can imagine the kind of reception he got. it's kind of odd to call this a classic xiaomi event for a company that is only four years old, but it was. beijing hall was packed , filled withty cheers for every new product new tv, a new router, and the big product was mi pad. he hates to be compared to steve jobs, but you know what? xiaomi is clearly taking a page from apple in leveraging its growing own user base to sell tablets. already, it sells more phones in china than apple. it has risen to number three, apple is number four. i caught up to the man who is in charg
outurn out to a big story of beijing. chinese smartphone maker xiaomi is releasing a tablet next month as it escalates its competition with apple and samsung. it will have a seven-inch screen like apple's ipad mini and will use google's android software. i know the ceo of xiaomi always gets a rockstar welcome, sort of like steve jobs got at apple conferences. what was the reaction in the room when he came on stage and unveiled this? >> good morning to you. you can imagine the kind of...
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May 22, 2014
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what is the message we will see from beijing? >> the message will be, number one, focus on the structural transformation from manufacturing to services, from exports to consumption. number two, focus on a more disciplined approach to limiting reforms. they are putting in place a new system of governance right now. has aing up, best buy struggling first-quarter. it is "bloomberg surveillance >> good morning. this is "bloomberg surveillance ." i am tom keene. with me, scarlet fu and adam johnson. here is adam johnson. >> we will start in western china, where a series of explosions in a market killed 31 people and wounded 90. china has blamed uyghur separatists for similar attacks in the xinjiang region. in ukraine, per russian militants attacked ukrainians at a military checkpoint. witnesses say about 30 ukrainian troops were wounded. in thailand -- yes, we are completely international here -- the military has staged a coup. thai army chief took control of the government pulled up the army declared martial law 2 days ago. thailand
what is the message we will see from beijing? >> the message will be, number one, focus on the structural transformation from manufacturing to services, from exports to consumption. number two, focus on a more disciplined approach to limiting reforms. they are putting in place a new system of governance right now. has aing up, best buy struggling first-quarter. it is "bloomberg surveillance >> good morning. this is "bloomberg surveillance ." i am tom keene. with me,...
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May 25, 2014
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bloomberg, beijing. >> nice shot. manchester united a wine is part of selection and hong kong. they raised $3.8 million. are on the bottles t-shirts to capitalize on the popularity. unitedd manchester before retiring. stay in touch with us hear it for all of these stories, this is even easier than staying in touch. you can follow me. next, protesters decide this. the latest on that. ♪ a beautiful start to the week. right and clear skies here in hong kong. we're 30 minutes away from trading. mobile and online, you are watching "first up." royal approval. the king supports thailand 's oup. as top liking is seen ukraine's new president. the drug industry's biggest ever deal makes sales. soon. could make it greg petro has claimed the three and the election with exit polls show him winning in the first round with 55% of work. economy minister in previous administration. was about 60%.t he says he wants early talks with russia. let's get the latest in the election right now. we are joined now on the line from kiev. enqueue so much for joining us. what does this mean for the ukraine
bloomberg, beijing. >> nice shot. manchester united a wine is part of selection and hong kong. they raised $3.8 million. are on the bottles t-shirts to capitalize on the popularity. unitedd manchester before retiring. stay in touch with us hear it for all of these stories, this is even easier than staying in touch. you can follow me. next, protesters decide this. the latest on that. ♪ a beautiful start to the week. right and clear skies here in hong kong. we're 30 minutes away from...
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May 11, 2014
05/14
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stephen engle joins us from beijing with a closer look. good morning. you spoke exclusively at so who -- sohu's chairman. >> he is one of the pioneers here. he is repositioning the company that he started many years ago. it originally was a search or till into what some say is sort and bynetflix legitimizing copyrighted content distribution he has taken on the jairus he by paying for popular licensed conflict to win advertisers and also win over more paying users, more affluent users willing to pay for this content to stream it online. eyebrows were raised last month when authorities ordered the most popular shows, including "the big bang theory" which is the most popular show here in like, three other shows the good wife, order taken down without explanation. iseaming u.s. content online in a gray area of chinese regulation and regulators are reacting in an inconsistent manner. >> i think they are quite new to the internet. now it becomes ministry dominant. there are old habits and managing. think they are more careful. they are more centrally located.
stephen engle joins us from beijing with a closer look. good morning. you spoke exclusively at so who -- sohu's chairman. >> he is one of the pioneers here. he is repositioning the company that he started many years ago. it originally was a search or till into what some say is sort and bynetflix legitimizing copyrighted content distribution he has taken on the jairus he by paying for popular licensed conflict to win advertisers and also win over more paying users, more affluent users...
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May 20, 2014
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stephen engle is in beijing to tell us what is topping the agenda. has thenathan ferro details on the guilty plea by credit suisse with u.s. authorities. .acktrack top story in an exclusive interview with bloomberg television, russia's prime minister dmitry medvedev sat down with ryan chilcote to talk about everything from the ongoing conflict in ukraine, the impact of sanctions, and russia's relationship with the united states. ryan chilcote joins us from moscow with the details area brian. >> high, anna. this was the prime minister's first interview in four months. we spent a good amount of time talking about sanctions. the prime minister is saying that the u.s. has called. this reminded him of leonid brezhnev's rule of the soviet union, saying that it was not since then that he has seen such a politicization of trade ties between russia and the united states. ,s for the personal sanctions some russian politician said that is something that didn't even happen in the darkest hours of the cuban missile crisis. have a listen. russian prime minister dm
stephen engle is in beijing to tell us what is topping the agenda. has thenathan ferro details on the guilty plea by credit suisse with u.s. authorities. .acktrack top story in an exclusive interview with bloomberg television, russia's prime minister dmitry medvedev sat down with ryan chilcote to talk about everything from the ongoing conflict in ukraine, the impact of sanctions, and russia's relationship with the united states. ryan chilcote joins us from moscow with the details area brian....
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May 27, 2014
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vietnam is accusing beijing on sinking one of his ships. what do we know so far? >> we do not know a lot of details. the details we know tells a fairly clear story of what happened. let me take you through this morning. the vietnam and newspaper in the country reported that a ship carrying 10 people was attacked by a chinese vessel. been confirmed by the chinese foreign minister that indeed that fishing boat was around and 10 people were rescued -- was graham -- was mmed and 10as ra people were rescued. they were not fired upon. it was on monday. a bureaud out by chief, we do not have any details about what type of chinese vessel it was. if it was a fishing vessel or government vessel or military? we do not know. that area where the incident took place if i remember 10 or 12 miles from the coast. side ofg try to get the the chinese government and they have yet to make a statement on this. >> the key thing is the location. near that oil rig. the waters claimed by the vietnamese. whynd the chinese which is it is indisputable waters. china has already maintained the
vietnam is accusing beijing on sinking one of his ships. what do we know so far? >> we do not know a lot of details. the details we know tells a fairly clear story of what happened. let me take you through this morning. the vietnam and newspaper in the country reported that a ship carrying 10 people was attacked by a chinese vessel. been confirmed by the chinese foreign minister that indeed that fishing boat was around and 10 people were rescued -- was graham -- was mmed and 10as ra...
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May 10, 2014
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. >> you will make it in beijing. >> we will talk about a whole range of topics. >> let's talk about luton and ukraine. have tougher sanctions. would they apply to a wide swath of initiatives or be more targeted specifically? this has been very carefully determined and quite affect his. people inen targeting the russian government, senior executives and ceos at some of the largest manufacturing firms that are very close to the government. we are prepared to go further down this path should we need to. we have made very clear that our goal is not to go to the maximum degree that one can as to her the russian economy but get president clinton to change the policy. there is a path here where they can avoid doing real damage but we have made clear that if they continue the path they are on, we will take additional steps. >> looking at the sanctions thing thatn, one made him buy it was when we passed so-called secondary sanctions. or do business in the u.s. iran, not both. is that a weapon we would consider using against him? effectively around the world to have maximum pressure put on ir
. >> you will make it in beijing. >> we will talk about a whole range of topics. >> let's talk about luton and ukraine. have tougher sanctions. would they apply to a wide swath of initiatives or be more targeted specifically? this has been very carefully determined and quite affect his. people inen targeting the russian government, senior executives and ceos at some of the largest manufacturing firms that are very close to the government. we are prepared to go further down...
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May 29, 2014
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desiresship in beijing a more assertive regional policy. america pivots into change. jamie is a senior fellow at the asia society and one of the most acute voices. what do you hear now? >> a big shift in their interaction with original members and also the united states and the world. they're undergoing a fundamental change. very firmly in control with china focused on internal reforms, which are destabilizing. they're being very aggressive in tehe region. they're really trying to push the united states out of the say i'm acific to what are you going to support your allies? they're picking points of contention where they know that we will not rush in militarily. how poor our, intelligence was on russia. do we really know the chinese military might -- any idea of whtat the military is? >> we could learn more. we know a lot about with their capabilities are. they're building a military designed to counter us. and they are moving aggressively, knowing that we have a lot to lose. we will not ramp-up our response militarily. we will try all of these other tools. hard power
desiresship in beijing a more assertive regional policy. america pivots into change. jamie is a senior fellow at the asia society and one of the most acute voices. what do you hear now? >> a big shift in their interaction with original members and also the united states and the world. they're undergoing a fundamental change. very firmly in control with china focused on internal reforms, which are destabilizing. they're being very aggressive in tehe region. they're really trying to push...
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May 10, 2014
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. >> you will make it in beijing. >> we will talk about a whole range of topics. >> let's talk about putin and ukraine. why not impose tougher sectorial sanctions? would they apply to a wide swath of financial and energy industries or be more targeted specifically? >> the steps we have taken with regard to russia have been very carefully determined and quite effective. we have been targeting people in the russian government, senior executives and ceos at some of the largest manufacturing firms in russia that are very close to the government. we have sanctioned a bank. making it clear that we are prepared to go further down this path should we need to. nhe president has issued a executive order. we have made very clear that our goal is not to go to the maximum degree that one can as to hurt the russian economy but get president putin to change the policy. there is a path here where they can avoid doing real damage, but we have made clear that if they continue the path they are on, we will take additional steps. >> looking at the sanctions against iran, one thing that made him bite was
. >> you will make it in beijing. >> we will talk about a whole range of topics. >> let's talk about putin and ukraine. why not impose tougher sectorial sanctions? would they apply to a wide swath of financial and energy industries or be more targeted specifically? >> the steps we have taken with regard to russia have been very carefully determined and quite effective. we have been targeting people in the russian government, senior executives and ceos at some of the...
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May 9, 2014
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time, butt have much beijing has confirmed that president putin is going to be going to china on a state visit. is this a russian pivot to the east? can the east replace western europe and western countries in a sort of business relationship with russia? it might pivot to the east, specifically the headline could be a big gas contract to china. china could be importing more gas from russia. a slight pivot. absolutely, everybody accepts that china cannot replace european and western companies in terms of investment partnership. needs partnership, the expertise and the knowledge. bp exxon has the technology to explore the arctic. the chinese do not. east, most people would regard as a long-term disaster for the economy. >> chris, thank you. we'll speak to you soon. chris weaver there, senior partner at macro advisory amah and our very own ryan chilcote. will tell you why apple may be closing in on the beats brand. that is coming up next. ♪ minutes into the european trading session. the top stock we watching, of they ares publicis. up by about a quarter of one percent. they were up one pe
time, butt have much beijing has confirmed that president putin is going to be going to china on a state visit. is this a russian pivot to the east? can the east replace western europe and western countries in a sort of business relationship with russia? it might pivot to the east, specifically the headline could be a big gas contract to china. china could be importing more gas from russia. a slight pivot. absolutely, everybody accepts that china cannot replace european and western companies in...
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May 5, 2014
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numbers force beijing to rethink its stance on monetary stimulus? ♪ >> your back with "on the move. go it's impossible to us -- to choose a stock bubble. others say we have breathing space. it is the subject in today's global outlook. >> cast your mind back to the.com selloffs and this year replaced by social networking site said today. like the pre-2000 selloff, valuations are dangerous high. trading at 943 times earnings. 91 times for facebook and 500 times for amazon. boeing, 17 times, rio tinto, nine times. that, to me, is perspective. the s&p 500 hit its highest level ever back in march of last of 2007. the peak this is despite income not actually recovering to 2007 levels. risen but person has it shows you therefore significant difference. why is this happening? your member alan greenspan's arning of exuberance? fast forward and we have quantitative easing. let outis slowly being by what we call tapering. is, therefore, little strengthen the underlying economy and investors know it and are quite nervous. the quarterly letter to investors, the chief investment officer says the
numbers force beijing to rethink its stance on monetary stimulus? ♪ >> your back with "on the move. go it's impossible to us -- to choose a stock bubble. others say we have breathing space. it is the subject in today's global outlook. >> cast your mind back to the.com selloffs and this year replaced by social networking site said today. like the pre-2000 selloff, valuations are dangerous high. trading at 943 times earnings. 91 times for facebook and 500 times for amazon....
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May 28, 2014
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we saw the pictures from beijing earlier this year. they need to do something about that for their environment. also for political reasons. >> we are going to get into your investment strategy. you will stay with me for a little but after the break room coming up, -- break. nestlÉ gets a $1.4 billion facelift. ♪ >> welcome back to "on the move ." i'm nestlÉ -- i am manus cranny. nestlÉ is pushing into skincare. here with details is caroline hyde. feeling fresh for the price of $1.4 billion? >> it is a lot of money to smooth away your wrinkles, to plump your lips, potentially. that is where nestlÉ is going. the maker of kit kat's into health and beauty. they will be purchasing assets from valeant. they are purchasing talks in assets from valeant. it is 1.4 billion dollars they are splurging and it is about being more forthright into health care and beauty. back in february, they spent 3.6 ilion dollars on taking full control of their dermatology unit. they took that, reviving skin again. it is about treatments for act --acne, psor
we saw the pictures from beijing earlier this year. they need to do something about that for their environment. also for political reasons. >> we are going to get into your investment strategy. you will stay with me for a little but after the break room coming up, -- break. nestlÉ gets a $1.4 billion facelift. ♪ >> welcome back to "on the move ." i'm nestlÉ -- i am manus cranny. nestlÉ is pushing into skincare. here with details is caroline hyde. feeling fresh for the...
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May 9, 2014
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the possibility of more russian sanctions from the eu, and the global bitcoin summit in beijing. back to you. >> thank you. another check of the market movers is on the other side of this break. ♪ >> is sure to tune into bloomberg tonight at 9:30 p.m. new york time. we take a look at the next space race with an in-depth journey through the business of space exploration rate -- exploration. that does it for this edition of "bottom line." i'm mark crumpton. thanks so much for joining us right -- us. on the markets is next. have a great weekend, and happy mother's day. >> lumbered television is on the markets. i matt miller. we will get you caught up. fairly volatile day, with markets changing direction multiple times per hour. not a huge swing. still seeing very little movement on all of the major indexes, with the s&p in the red and nasdaq in the green and dow jones unchanged. after a two-year party in the stock market which returned 53% , this yearup etf's is feeling a little bit of a hangover. this is the type of year the most boring etf's can really shine. with a guru joins u
the possibility of more russian sanctions from the eu, and the global bitcoin summit in beijing. back to you. >> thank you. another check of the market movers is on the other side of this break. ♪ >> is sure to tune into bloomberg tonight at 9:30 p.m. new york time. we take a look at the next space race with an in-depth journey through the business of space exploration rate -- exploration. that does it for this edition of "bottom line." i'm mark crumpton. thanks so much...
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. >> i know you are in beijing. i need to get a straight answer from you. is joan dead? draper is not dead, is joan dead? she is a partner. >> never. >> it is not as of mergers and acquisitions are or into the advertising business. look at the young and rubican. omnicom andabout made it ahat challenge? >> i think it was german for reasons surrounding power and ego. addressed the strategic issues. neither company could deal with the clunky solutions. this is difficult to execute. maybe you could think of a situation where ceos have functioned well together. mergers do not work. one company has to take over another. practically, they do not work. day,nk, at the end of the they put the deal together to unseat us as number one. so, it was driven more for those reasons, rather than strategic. eye ise end of the day, bigger than tummy. >> thank you so much. we greatly appreciate your attendance. >> we have a lot more coming up. apple tries to recapture its cool. why they are ready to make beats their biggest purchase ever. ♪ >> good morning everyone. erik schatzker is here t
. >> i know you are in beijing. i need to get a straight answer from you. is joan dead? draper is not dead, is joan dead? she is a partner. >> never. >> it is not as of mergers and acquisitions are or into the advertising business. look at the young and rubican. omnicom andabout made it ahat challenge? >> i think it was german for reasons surrounding power and ego. addressed the strategic issues. neither company could deal with the clunky solutions. this is difficult to...
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May 26, 2014
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we will talk about what next that's beijing can take when we return. ♪ >> welcome back. we are asked to act in the latest manufacturing data out of china this week so let's assess the country's economy. our next guest says consumer confidence is the key. we have the senior international economist. it is really good to see you today. let's talk about consumer confidence. the survey has been in place since 2007 but rough pack coming in to partner. how are you going to change it? collects what we have done is taken a very well understood methodology. it has been going since the 1940's. inhave roll that around china. we are going to expand the survey in very important directions. we're going to ask chinese consumers about their investment preferences. we will talk about real estate and the share market. we will talk about trust products. we will talk about their motivations for saving which is really the holy grail in terms of chinese macroeconomics. why are you sitting -- saving specifically? that information will be fascinating. >> what is your polling pool? >> we are serv
we will talk about what next that's beijing can take when we return. ♪ >> welcome back. we are asked to act in the latest manufacturing data out of china this week so let's assess the country's economy. our next guest says consumer confidence is the key. we have the senior international economist. it is really good to see you today. let's talk about consumer confidence. the survey has been in place since 2007 but rough pack coming in to partner. how are you going to change it? collects...
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May 27, 2014
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vietnam is accusing beijing on sinking one of his ships. what do we know so far? >> we do not know a lot of details. the details we know tells a fairly clear story of what happened. let me take you through this morning. the vietnam and newspaper in the country reported
vietnam is accusing beijing on sinking one of his ships. what do we know so far? >> we do not know a lot of details. the details we know tells a fairly clear story of what happened. let me take you through this morning. the vietnam and newspaper in the country reported
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May 12, 2014
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and beijing accuse each other of starting the competition. whenal people were injured two grenades exploded in bangkok. protesters have called for a final push to topple the caretaker administration and install an unelected people's council. ruling party is seen as winning the vote. the president in myanmar making seem.in the cell china -- the south china sea. today inlection ends one of the holiest places. on the leader expected to win the election. must be to the common man party. do on this election friday. let's look at the government in delhi, whatever it is. . thank you for joining us. . it is about reform, isn't it, and stalled reform. that has to be the priority. >> i think the year for he carried us into the final day of election today -- i think euphoria carried us into the final day of election today. i think the mandate is an important. the stronger the mandate, the stronger position they are. they can push for the difficult reform and growth policies. be to make sure that the fiscal challenges have been met. inflation has been ve
and beijing accuse each other of starting the competition. whenal people were injured two grenades exploded in bangkok. protesters have called for a final push to topple the caretaker administration and install an unelected people's council. ruling party is seen as winning the vote. the president in myanmar making seem.in the cell china -- the south china sea. today inlection ends one of the holiest places. on the leader expected to win the election. must be to the common man party. do on this...
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May 23, 2014
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in beijing cut and move forward, not keep cutting. >> why not do it all at once? >> it is hard to decide. they have lots of different business units in different parts of the market. one cut ando make move forward. that is what they need to do. i have been cutting now for the part of -- the better part of 10 years. to keep they have actual talent, how can they do that when their main focus seems to be cutting cost? >> that is a great point. amid all of these costco and focus on cash flow what is happening is that the underlying i.t. market is changing substantially. there is a dramatic focus on cloud computing and on using --moditized art where to do hardware to do what hp boxes can do. we have seen the arrival of large cloud computing players, and their servers are not made ibm., dell, or that is 12% of the market. if you look at the compound annual growth rate of servers made by hp, ibm, or dell, it is flat to down over the last five years versus the new emerging markets that was not here five or seven years ago. it is now 12% of the market are growing at nearly
in beijing cut and move forward, not keep cutting. >> why not do it all at once? >> it is hard to decide. they have lots of different business units in different parts of the market. one cut ando make move forward. that is what they need to do. i have been cutting now for the part of -- the better part of 10 years. to keep they have actual talent, how can they do that when their main focus seems to be cutting cost? >> that is a great point. amid all of these costco and focus...
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May 29, 2014
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we know with the pollution, the air pollution, beijing does want more clean cars on the road. we are looking at two models here in bmw's case. .he i three, a city car compact. they are looking to start selling it by september of this year. they are offering this for test drives. the other is the i ate. -- i-8. that is the sexy one. it retails for about $135 thousand. there are other carmakers like vw. they plan on selling 15 models by 2018. tesla motors is also trying to gain some traction in china. >> what is being done to put in the supporting infrastructure for this industry? >> i guess first and foremost, they have eluded the air. that will push sales. when you talk about the electric car market, it is about whether the charging point, the charging stations are in. based -- are in place. bmw is partnering to put up 50 of the charging stations in and around the city. this is interesting. bmw is saying no state since -- is saying no stations will be compatible with all models, not just bmws. the partner is saying a little bit true, but not for tesla. it is going to be a chal
we know with the pollution, the air pollution, beijing does want more clean cars on the road. we are looking at two models here in bmw's case. .he i three, a city car compact. they are looking to start selling it by september of this year. they are offering this for test drives. the other is the i ate. -- i-8. that is the sexy one. it retails for about $135 thousand. there are other carmakers like vw. they plan on selling 15 models by 2018. tesla motors is also trying to gain some traction in...
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May 22, 2014
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. ♪ 31 are killed in the west am a beijing is called anti-human and anti-society in the stock markets advanced higher as janet yellen considers a considerable time. mcdonald's wholesome and there'll shareholder meeting as protesting employees scream that we are worth more. good morning, everyone, this is "bloomberg surveillance." it is. thursday, may 22 i am tom keene and joining me is scarlet fu. and adam johnson. >> data was positive over night in china with the pmi rising. in europe, the services sector rose to the highest in almost for years. if there's a caveat, it's just that we are starting from a low base but the data is getting at her and you cannot deny that with futures up again. >> we have housing coming up later. a.m., last week it was under 300,000. we have
. ♪ 31 are killed in the west am a beijing is called anti-human and anti-society in the stock markets advanced higher as janet yellen considers a considerable time. mcdonald's wholesome and there'll shareholder meeting as protesting employees scream that we are worth more. good morning, everyone, this is "bloomberg surveillance." it is. thursday, may 22 i am tom keene and joining me is scarlet fu. and adam johnson. >> data was positive over night in china with the pmi rising....
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May 9, 2014
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i was talking to one omni, executive in beijing this morning he said to me that the smoke signals started to come up in december. was thatgoing around he would never go back to paris unless it was for morris leavy's leaving. >> if you had one bit of advice, what would you say? >> when the deal was leaked by bloomberg, i was asked by bloomberg as to what i thought about the possibility of two of our competitors merging and one of them would not be ipg. saying if you are going to be chairman, can i be cfo? no. said no point in giving them any advice. >> thank you for chatting to us. sir martin sorrell speaking to us from china. jonathan ferro is here. >> sir martin saurav -- four sorrell, always good. it is about power and generating market share. they are talking about it breaking down because of tax issues. the analysts are talking about the same thing. it is managerial. organizational structure. the sticking point, everybody was talking about one thing, the conflict of client interest. on, ourer it goes clients interests are starting to be hit by this. that is what you have to talk about
i was talking to one omni, executive in beijing this morning he said to me that the smoke signals started to come up in december. was thatgoing around he would never go back to paris unless it was for morris leavy's leaving. >> if you had one bit of advice, what would you say? >> when the deal was leaked by bloomberg, i was asked by bloomberg as to what i thought about the possibility of two of our competitors merging and one of them would not be ipg. saying if you are going to be...
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May 13, 2014
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. >> a man performs on a horse at a festival at the forbidden city in beijing. >> lunchtime entertainment. tony christens the. >> president of turkmenistan delivered a speech next to china's president at this event. >> what is interesting is the language map. having a large russian language proportion. not as great as ukraine, but nevertheless, get your attention. >> i was inner mongolia about three years ago. to documentlm crew commodities within china. we were in commodities -- coal mines. there is a confluence of people, russians, who have come down and married chinese. that is just part of it. >> how come he gets all the cool number one photograph of the day, john ms' wax. >> see that out at bloomberg video. was the movie any good? >> have you heard anything about it? >> is he a cardinal fan? >> he is a bigger blues fan. total nhl fan. i know everything there is to know about john hanms. and find the india next pitcher. an agent who basically has lost all his good players. he says i will go to india and find the next great pitcher. jerry maguire. >> could be pitching scripts. document
. >> a man performs on a horse at a festival at the forbidden city in beijing. >> lunchtime entertainment. tony christens the. >> president of turkmenistan delivered a speech next to china's president at this event. >> what is interesting is the language map. having a large russian language proportion. not as great as ukraine, but nevertheless, get your attention. >> i was inner mongolia about three years ago. to documentlm crew commodities within china. we were in...
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May 14, 2014
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this is not just happening in new york, it is happening globally -- paris, beijing. men. of >> you want to do some photos? -- ave three >> all rangers? >> no, not all rangers today. astronauts from japan, russia, and the u.s. landing safely in the soyuz spacecraft. the am not sure this is not coach of the penguins. >> number 2 -- london mayor and shaggy hair icon helps shear a sheep. >> i have never done this. >> i have not birthed sheep, i have birthed calves. >> really? >> yeah. >> who is the dose that he's -- quis guy? the most interesting bloomberg "surveillance" guy, adam johnson. obama awarding army theeant kyle j white with metal of the white house. that's with the medal. >> and many before him, for all those who did not win the award but served. >> those who come back injured and do not come back at all. >> just fabulous, absolutely fabulous. >> those are your top photos. coming up in the next hour, america gets back into the kitchen, which brings us to our twitter question of the day -- what was the last meal you cooked? what was the last meal you cooked, tom? >>
this is not just happening in new york, it is happening globally -- paris, beijing. men. of >> you want to do some photos? -- ave three >> all rangers? >> no, not all rangers today. astronauts from japan, russia, and the u.s. landing safely in the soyuz spacecraft. the am not sure this is not coach of the penguins. >> number 2 -- london mayor and shaggy hair icon helps shear a sheep. >> i have never done this. >> i have not birthed sheep, i have birthed...
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May 5, 2014
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booming.ion market is you still see high single-digit in the main corridor's, beijing, shanghai. outskirts, in the west and developing regions, it is high teens, 15, 16, 17%. i don't see that slowing down. i see it speeding up. there are a lot of underutilized airports. the government policy supports the growth of regional aviation. >> let's talk about elsewhere across the asia-pacific. i know the launch customer for the crj 1000 nexgen aircraft. what is the opportunity for the crj in southeast asia and across the region? >> in china, we have some good customers building. the router is an excellent garudaer in indonesia -- is an excellent customer in indonesia. i was just there. they have a high growth rate, 5%, 6% per annum. in gdp is hitting that point the curve where people start to fly more. they are going to be there for it. we have an aggressive for forget -- an aggressive forecast for how many airplanes they need. we have more than our fair share. >>>> you can check out more of the interview on our website bloomberg.com. ," ang up next on "first up narrow courtroom victory
booming.ion market is you still see high single-digit in the main corridor's, beijing, shanghai. outskirts, in the west and developing regions, it is high teens, 15, 16, 17%. i don't see that slowing down. i see it speeding up. there are a lot of underutilized airports. the government policy supports the growth of regional aviation. >> let's talk about elsewhere across the asia-pacific. i know the launch customer for the crj 1000 nexgen aircraft. what is the opportunity for the crj in...
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May 13, 2014
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when i was in beijing and shanghai, those clients were concerned and concerned about the direction was taking and concerned what we see out of the plenary sessions. >> there has been social reform. economically balancing, where will we end up? >> when you fast forward to today, more investors feel more has happened than we appreciate it. see pressure coming from the u.s., pressure on the currency, pressure on the u.s. to say move these aforms ahead faster. nothing in china is faster. it's a five-year plan. it taste time. and you see that translating into the activities of chinese companies. branching out more and turning their eyes to more activities elsewhere. >> what is the perspective, for me, you are an active manager, where are the opportunities that you told me? and more long-term than today, tomorrow, three months. >> definitely more long-term. and when they look at the allocation to china, to expect you know exactly how these markets will perform and what you get out of them in three months. everybody does their best. but are called emerging markets. and the key and the focus w
when i was in beijing and shanghai, those clients were concerned and concerned about the direction was taking and concerned what we see out of the plenary sessions. >> there has been social reform. economically balancing, where will we end up? >> when you fast forward to today, more investors feel more has happened than we appreciate it. see pressure coming from the u.s., pressure on the currency, pressure on the u.s. to say move these aforms ahead faster. nothing in china is...
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May 20, 2014
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the administration does not want to further complicate the relationship with beijing. all of what we are seeing goes back to edward snowden. was pushingd states really hard on china last year at this time. snowden shows up in hong kong and the diplomatic effort gets derailed. >> how does that affect the relationship between russia and china if they reacted to the actions by the attorney general? >> china and russia have a view of cyberspace as sovereign space, not open space, they see it as a place to enforce their own norms. >> what is the next shoe to fall? >> the chinese have called in the u.s. ambassador to complain. they have announced that government computers will not be running windows eight. there may be some further sanctions against u.s. companies. but i don't expect it to go much further than that. >> they are using apple. >> like the rest of the world. >> and apple is assembled in china. why would the u.s. officially charge rather than do something that is less high on the escalation ladder? >> as mentioned earlier, this was set in the works one year ago.
the administration does not want to further complicate the relationship with beijing. all of what we are seeing goes back to edward snowden. was pushingd states really hard on china last year at this time. snowden shows up in hong kong and the diplomatic effort gets derailed. >> how does that affect the relationship between russia and china if they reacted to the actions by the attorney general? >> china and russia have a view of cyberspace as sovereign space, not open space, they...
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May 21, 2014
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. >> we look at the distance between beijing and moscow, what do we need to know this morning about the history and in the presence of that relationship? late 1960's, there was a border skirmish between china and the ussr, and the story play there has been a lot of fission between the two countries. russia is underpopulated in the east, china is not under populated anywhere, and there are great fears of china expanding to the east. broader zone is a new soviet union. >> we are very far from that. if you look at central asia, they are already supplying energy to china and directed to china and not toward russia. the baltic states have gone to europe. russia is a regional power. it is an important player on global energy, but it is not a global superpower. it is not a new cold war. >> our guest host is chris marangi of gabelli. should not aid nor what is going on ukraine and that is because the markets should ignore that putin is a rational player. >> some people have argued that this is part of a greater effort to protect russian speakers, so this suggests that russian speakers in the ba
. >> we look at the distance between beijing and moscow, what do we need to know this morning about the history and in the presence of that relationship? late 1960's, there was a border skirmish between china and the ussr, and the story play there has been a lot of fission between the two countries. russia is underpopulated in the east, china is not under populated anywhere, and there are great fears of china expanding to the east. broader zone is a new soviet union. >> we are very...